Kavveri Defence & Wireless Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
KAVDEFENCE · price
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The company reported standalone revenue of Rs. 510.21 lakhs for FY26, a steep decline from Rs. 1,476.57 lakhs in the previous year. Profit after tax dropped to Rs. 81.17 lakhs from Rs. 544.87 lakhs, while EPS fell to Rs. 0.23 from Rs. 2.71. The auditors issued a Qualified Opinion due to: (1) investments of Rs. 2,834.07 lakhs in loss-making subsidiaries not fair-valued per Ind AS 36, and (2) non-reinstatement of forex balances for receivables/payables violating Ind AS 21. Operating cash flow turned sharply negative at Rs. 3,044.33 lakhs due to large increases in loans and advances. The balance sheet shows total equity of Rs. 12,711.22 lakhs. The board also revised executive remuneration subject to shareholder approval.
The stock faces significant headwinds from revenue collapse, negative operating cash flow, and a qualified audit opinion raising concerns about investment valuations and forex compliance. Shareholders should monitor subsidiary performance and auditor concerns closely.